By Colin Kellaher
Kontoor Brands shares fell sharply on Tuesday after the apparel maker offered 2025 guidance that fell short of Wall Street's expectations.
Shares of the Greensboro, N.C., company were recently down nearly 15% at $73.61.
Kontoor said it expects full-year adjusted earnings of $5.20 to $5.30 a share on revenue of $2.63 billion to $2.69 billion.
Analysts polled by FactSet, on average, were expecting an adjusted profit of $5.40 a share on sales of $2.68 billion.
Kontoor said its 2025 guidance doesn't yet include the expected contributions from the pending acquisition of Helly Hansen, slated to close in the second quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 25, 2025 11:42 ET (16:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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